Crude oil prices rise over a percent on Friday as investors cheered the outcome of European Union’s summit in Brussels where leaders agreed on measures to avert a debt debacle looming over the Euro-zone since two-years. The oil prices which managed to curtail the weekly losses to around one and half a percent, also got some support from the depreciation in US dollar and from reports that China has established a new investment fund of 300 billion dollars, part of which was supposed to invest in Europe. Standard crude for January delivery surged $1.07 to settle at $99.41 a barrel after trading as low down as $97.36 on the New York Mercantile Exchange.
Newer news items:
- Gold gets stroked by around 4% and nosedives below the 1,600 mark
- Chana futures overturn gain to trade in red
- Pepper futures remain in optimistic mood on good export demand
- Global Pepper Quotes
- China Manufacturing Shrinking Further
Older news items:
- On Friday Gold negotiate a close in optimistic territory
- USDA Projects Record Corn Crop at 867.5 Million Tons
- Copper recoils piercingly on Friday and recovers previous session’s losses
- Jeera Trades upbeat In Unjha As Arrivals diminish In Unjha
- In 2011 IMF Has demoted Forecast For Russian GDP To 4.1%
